Norway

Unlocking Scandi-candy for PV projects in developing countries

A new report suggests that better guarantee mechanisms and securities could unlock more investments from Scandinavia for renewable energy projects in developing countries. Overall, however, it finds that Norway, Sweden and Denmark have comprehensive mechanisms in place for bringing together industry and public support schemes.

1

EGM vote to reduce historic battery maker’s debts

Venerable Swiss brand Leclanché is on an expansionist trail, notably in India and low-carbon shipping, but restructuring its debts will involve ceding even more control of the famous company to institutional investors.

Equinor takes 9.7% stake in Scatec Solar

The Norwegian oil producer has already partnered with Scatec on large-scale PV projects in Brazil and Argentina. The transaction cost $82.4 million.

2

REC Silicon posts loss for second quarter running amid poly market slump

The Norwegian polysilicon producer posted an EBITDA loss of $6.1 million for the third quarter of 2018, as it continues to struggle with low demand and prices. Revenue for the company’s solar materials segment fell almost 70% on the previous quarter.

Scatec Solar reports higher revenue, lower profits

The Norwegian developer had 357 MW of PV projects in operation and 1,057 MW under construction at the end of the third quarter of this year.

2

Leclanché: Revenues doubled, EBITDA in the red

While revenues have doubled year on year, Leclanché says its EBITDA is suffering from high operational expenses and one-off payments. However, the goal to post a positive EBITDA by 2020 is on track, it adds.

2

Norway’s Statkraft aims for 2 GW of solar by 2025

Norway’s state-owned hydropower and wind company plans to invest around NOK 10 billion (US$1.23 billion) in wind and solar between 2019 and 2025.

All aboard for another 26 ebuses as BYD announces latest sales

Chinese EV maker BYD passes the 600-sales mark in Europe with a deal – announced at the International Motor Show – which also takes it past 100 sales in Scandinavia, and more than 35,000 worldwide.

Europe surpasses 1 million EV milestone

The market experienced strong growth in nearly all states. Scandinavian countries lead the charge, but Germany showed strong growth in the first half of 2018, analysts report. An uptake in EV sales might result in profound effects on their use as flexible storage units, recent reports and interviews suggest.

1.4 GW NordLink interconnector receives €100 million EIB hybrid securities purchase

The project connecting Germany and Norway was first conceived in 2015. The 624 km undersea cable will have a capacity of 1.4 GW, when operational in 2020. The EU is supporting the project and other grid infrastructure projects through its EFSI scheme to interconnect the European energy markets, for better renewable energy integration and improved security of supply.

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